1136 Eastern Parkway - Agorafy
1136 Eastern Parkway Crown Heights, Brooklyn, NY
VACANT COMMERCIAL BUILDING Ground Floor Retail & Two Office Units FOR SALE Building Features Location
Located on the south side of Eastern Parkway between Utica and Rochester Avenues.
Block & Lot
1397 / 9
Lot Size
19.67' x 120.58
(Approx.)
Lot SF
2,373
(Approx.)
Zoning
C4-3
FAR
3
Building Size 1st Floor
19.67' x 83'
(Approx.)
Building Size 2nd-3rd Floor 19.67' x 53'
(Approx.)
Building SF
3,635
(Approx.)
Stories
3
Units
3
Assessment
$136,170
R.E. Taxes
$14,548
Projected Expenses
CW METRICS
Real Estate Taxes (’14/’15)
Property Highlights
The subject property is a three story mixed-use building located in Crown Heights. The building is 20 feet wide with ground floor retail and 2 office units on the second and third floors. Public transportation is conveniently located within steps of the 3 and 4 trains at Crown Heights-Utica Avenue Station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes. Take advantage of this opportunity to own a investment property in one of Brooklyn’s most rapidly growing neighborhoods. ASKING PRICE
$14,548
Water/Sewer
$1.00 / SF
$3,635
Insurance
$1.00 / SF
$3,635
Fuel
Tenants Pay
Electric
$0.15 / SF
$545
Maintenance & Repairs
$400 / Unit
$1,200
4% of EGI
$5,122
Management
--
Total
$28,685
Effective Gross Income:
$128,040
Less Estimated Expenses:
$1,595,000
DOF Property Tax Bill*
Exp. Ratio
22.40%
Projected Net Operating Income:
For More Information, Please Contact:
Michael Amirkhanian Executive Director (718) 606-7073
DJ Johnston Associate Director (718) 307-6515
Robert Moore Associate Director (718) 606-7046
William Cheng Associate Director (718) 606-7037
[email protected]
[email protected]
[email protected]
[email protected]
($28,685) $99,355
Cushman & Wakefield 205 Montague Street, 3rd Floor Brooklyn, NY 11201 Bryan Kirk phone: +1 718 238 8999 Associate nyinvestmentsales.com
(718) 307-6516 [email protected]
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
1136 Eastern Parkway Crown Heights, Brooklyn, NY
3
4
Current & Projected Revenue Unit
Type
Lease Exp.
Net (SF)
$ / SF
Rent/Mo.
Annual Rent
Ground Floor
Retail
Vacant
1,365
$43.95
$5,000
$60,000
2nd Floor
Office
Vacant
917
$39.26
$3,000
$36,000
3rd Floor
Office
Vacant
917
$39.26
$3,000
$36,000
3,199
$41.26
$11,000
$132,000
$330
$3,960
$10,670
$128,040
Total / Average: Vacancy & Credit Loss @ 3%: Effective Gross Income:
ASKING PRICE: $1,595,000 For More Information, Please Contact:
Michael Amirkhanian Executive Director (718) 606-7073
DJ Johnston Associate Director (718) 307-6515
Robert Moore Associate Director (718) 606-7046
William Cheng Associate Director (718) 606-7037
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield 205 Montague Street, 3rd Floor Brooklyn, NY 11201 Bryan Kirk phone: +1 718 238 8999 Associate nyinvestmentsales.com
(718) 307-6516 [email protected]
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
VACANT COMMERCIAL BUILDING Ground Floor Retail & Two Office Units FOR SALE Building Features Location
Located on the south side of Eastern Parkway between Utica and Rochester Avenues.
Block & Lot
1397 / 9
Lot Size
19.67' x 120.58
(Approx.)
Lot SF
2,373
(Approx.)
Zoning
C4-3
FAR
3
Building Size 1st Floor
19.67' x 83'
(Approx.)
Building Size 2nd-3rd Floor 19.67' x 53'
(Approx.)
Building SF
3,635
(Approx.)
Stories
3
Units
3
Assessment
$136,170
R.E. Taxes
$14,548
Projected Expenses
CW METRICS
Real Estate Taxes (’14/’15)
Property Highlights
The subject property is a three story mixed-use building located in Crown Heights. The building is 20 feet wide with ground floor retail and 2 office units on the second and third floors. Public transportation is conveniently located within steps of the 3 and 4 trains at Crown Heights-Utica Avenue Station, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes. Take advantage of this opportunity to own a investment property in one of Brooklyn’s most rapidly growing neighborhoods. ASKING PRICE
$14,548
Water/Sewer
$1.00 / SF
$3,635
Insurance
$1.00 / SF
$3,635
Fuel
Tenants Pay
Electric
$0.15 / SF
$545
Maintenance & Repairs
$400 / Unit
$1,200
4% of EGI
$5,122
Management
--
Total
$28,685
Effective Gross Income:
$128,040
Less Estimated Expenses:
$1,595,000
DOF Property Tax Bill*
Exp. Ratio
22.40%
Projected Net Operating Income:
For More Information, Please Contact:
Michael Amirkhanian Executive Director (718) 606-7073
DJ Johnston Associate Director (718) 307-6515
Robert Moore Associate Director (718) 606-7046
William Cheng Associate Director (718) 606-7037
[email protected]
[email protected]
[email protected]
[email protected]
($28,685) $99,355
Cushman & Wakefield 205 Montague Street, 3rd Floor Brooklyn, NY 11201 Bryan Kirk phone: +1 718 238 8999 Associate nyinvestmentsales.com
(718) 307-6516 [email protected]
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
1136 Eastern Parkway Crown Heights, Brooklyn, NY
3
4
Current & Projected Revenue Unit
Type
Lease Exp.
Net (SF)
$ / SF
Rent/Mo.
Annual Rent
Ground Floor
Retail
Vacant
1,365
$43.95
$5,000
$60,000
2nd Floor
Office
Vacant
917
$39.26
$3,000
$36,000
3rd Floor
Office
Vacant
917
$39.26
$3,000
$36,000
3,199
$41.26
$11,000
$132,000
$330
$3,960
$10,670
$128,040
Total / Average: Vacancy & Credit Loss @ 3%: Effective Gross Income:
ASKING PRICE: $1,595,000 For More Information, Please Contact:
Michael Amirkhanian Executive Director (718) 606-7073
DJ Johnston Associate Director (718) 307-6515
Robert Moore Associate Director (718) 606-7046
William Cheng Associate Director (718) 606-7037
[email protected]
[email protected]
[email protected]
[email protected]
Cushman & Wakefield 205 Montague Street, 3rd Floor Brooklyn, NY 11201 Bryan Kirk phone: +1 718 238 8999 Associate nyinvestmentsales.com
(718) 307-6516 [email protected]
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
